Noel has deposited P 52,000 with an interest of 4.5% compounded semi-annually. What is the compound interest if 3 years and 4 months have passed? Round your answer to the nearest hundredths (2 decimal places).
Noel has deposited P 52,000 with an interest of 4.5% compounded semi-annually. What is the compound interest if 3 years and 4 months have passed? Round your answer to the nearest hundredths (2 decimal places).
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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